WD-40 Company (WDFC) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its position in WD-40 Company (NASDAQ:WDFC) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,245 shares of the specialty chemicals company’s stock after selling 463 shares during the period. Nationwide Fund Advisors’ holdings in WD-40 Company were worth $898,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of WD-40 Company by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,560 shares of the specialty chemicals company’s stock worth $169,000 after buying an additional 20 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of WD-40 Company during the first quarter worth approximately $216,000. Conestoga Capital Advisors LLC increased its position in shares of WD-40 Company by 570.3% in the first quarter. Conestoga Capital Advisors LLC now owns 155,185 shares of the specialty chemicals company’s stock worth $16,907,000 after buying an additional 132,035 shares in the last quarter. Legato Capital Management LLC increased its position in shares of WD-40 Company by 10,795.0% in the first quarter. Legato Capital Management LLC now owns 73,868 shares of the specialty chemicals company’s stock worth $678,000 after buying an additional 73,190 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of WD-40 Company by 1,311.0% in the first quarter. Bank of Montreal Can now owns 13,122 shares of the specialty chemicals company’s stock worth $1,430,000 after buying an additional 12,192 shares in the last quarter. 82.40% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for WD-40 Company (NASDAQ:WDFC)

WD-40 Company (WDFC) opened at 111.85 on Friday. The stock’s 50 day moving average price is $105.88 and its 200-day moving average price is $108.17. The firm has a market capitalization of $1.57 billion, a P/E ratio of 31.41 and a beta of 0.76. WD-40 Company has a 12 month low of $100.60 and a 12 month high of $125.00.

WD-40 Company (NASDAQ:WDFC) last announced its earnings results on Thursday, April 6th. The specialty chemicals company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by $0.03. The company had revenue of $96.50 million for the quarter, compared to analysts’ expectations of $99.79 million. WD-40 Company had a net margin of 13.45% and a return on equity of 37.17%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, analysts forecast that WD-40 Company will post $3.66 earnings per share for the current year.

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A number of brokerages have recently commented on WDFC. BidaskClub raised WD-40 Company from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded WD-40 Company from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. B. Riley reissued a “neutral” rating and set a $116.00 price objective on shares of WD-40 Company in a research report on Thursday, April 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $110.00 price objective on shares of WD-40 Company in a research report on Friday, March 31st. Five investment analysts have rated the stock with a hold rating, WD-40 Company presently has an average rating of “Hold” and an average target price of $111.00.

In related news, VP Jay Rembolt sold 621 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $108.00, for a total transaction of $67,068.00. Following the sale, the vice president now directly owns 36,428 shares in the company, valued at approximately $3,934,224. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mario L. Crivello sold 4,726 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $104.25, for a total value of $492,685.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,965 shares of company stock worth $627,734. Company insiders own 3.90% of the company’s stock.

About WD-40 Company

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WDFC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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